William Kay: Wealth Matters

After investing in stocks and shares Peps and Isas since their inception, my wife and I have accumulated more than £200,000 between us in investment trusts, shares, unit trusts and ETFs (exchange-traded funds).

We want to know how to manage these investments in retirement. Until now we have run them in a low-cost stockbroker wrapper. We wish to provide an "invest and leave" income and disengage from day-to-day involvement.

We have heard many different views - some say just use three or four ETFs to cover UK and US equities, UK bonds and emerging markets. Others say this is too simple. We are also encouraged to appoint a professional manager but are reluctant to pay significant fees.

Is an "invest and leave" approach practical and…

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